Varga puts 2021 GDP growth at 6.8-6.9%

Analysis

Photo by Feng Yu / Shutterstock.com

Finance Minister Mihály Varga said Hungary's GDP grew 6.8-6.9% last year, addressing business leaders in Debrecen on Friday, according to a report by state news wire MTI.

Speaking at a meeting of the Hajdu-Bihar County Chamber of Commerce and Industry, Varga said GDP growth could "exceed 5%" in 2022.

The Central Statistical Office (KSH) will release a first reading of Q4 GDP data on February 15. In Q1-Q3, the economy expanded 7.1%.

December data released by KSH during the week showed industrial output climbed 9.6% and retail sales rose 3.5% for the year.

Hungarian Chamber of Commerce and Industry chairman László Parragh told the meeting that cooperation between the chamber and the government has been "strong since 2010". The chamber aims to continue to act as a bridge between the government and economic players, he added.

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